Global Consumer Acquisition Corp. (GACQU) Prices Downsized $170M IPO


Global Consumer Acquisition Corp. (GACQU) Prices Downsized $170M IPO

Global Consumer Acquisition Corp. announced the pricing of its downsized $170 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GACQU” Wednesday, June 9.

The new SPAC aims to combine with a global consumer target that has a significant presence in Asia or a compelling Asia potential. Global Consumer is led by  CEO and CFO Rohan Ajila and Co-Chairman Gautham Pai.

Total SPAC deal count for 2021 year-to-date is now 332. This offering is expected to close on Friday, June 11.

Kingswood Capital Market is acting as book-running manager for the offering.  Loeb & Loeb LLP is serving as Issuer’s Counsel with McCarter & English LLP serving as Underwriter’s Counsel. Marcum Bernstein & Pinchuk LLP serves as auditor.  Continental Stock Transfer & Trust Company is acting as trustee.